The BRRRR method can be taught by no one better than David Greene, author of "Buy, Rehab, Rent, Refinance, Repeat", and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.
This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.
David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!
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Sign Up for BiggerPockets Pro with Code David’s Book “Buy, Rehab, Rent, Refinance, Repeat”:
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Use the BiggerPockets Calculators on Your Next Deal:
BRRRR Calculator:
Rent Estimator:
Rehab Estimator:
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Grab J Scott’s “The Book on Estimating Rehab
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Hear Our Interview with David Greene’s Agent Johnny
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Connect, Learn, and Finance Your Deal with David:
Invest:
Learn:
Get a Mortgage:
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Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Youtube:
Instagram:
TikTok:
Twitter:
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Connect with David and Rob on BiggerPockets:
David:
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Follow David on Instagram:
@davidgreene24 or
Episode 598
Show notes at:
00:00 Intro
40:13 Financing Your BRRRR Deal
49:50 Commit. Go Pro. Get a Deal
57:01 How Sir BRRRR Funds His Deals
Recommended Reading >> bit.ly/32kRpzw
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